Eula signs a check "pay to the order of Eula" and presents to First National Bank for payment. The types of liability associated with this check are
A. fitness and quality.
B. potential and real.
C. sealed and delivered.
D. signature and warranty.
Answer: D
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Which of the following is not linked to the cost driver of international business activity?
A. A company that moves its manufacturing operations to another country that offers an export processing zone that has no taxation for products that are processed and re-exported. B. A company that goes abroad through exporting to enhance production economies of scale. C. A company that goes abroad through exporting to spread R&D costs across a larger number of units of goods sold. D. An accounting company that moves some of its tax preparation work from the United States to India to utilize workers who have English language skill but a lower salary range. This establishes foreign operations in markets where their principal accounts are located. E. A manufacturing company that follows its customers to foreign markets to be able to supply them.
Under the direct method, cash paid to suppliers can be computed as cost of goods sold for the period
a. plus an increase in inventory and minus an increase in accounts payable. b. plus a decrease in inventory and minus an increase in accounts payable. c. minus an increase in inventory and plus an increase in accounts payable. d. minus a decrease in inventory and plus an increase in accounts payable. e. None of these answer choices is correct.
Single sourcing for a product is used to
A) guarantee the supplier sufficient business when the supplier has to make a significant buyer-specific investment. B) ensure a degree of competition. C) ensure the possibility of a backup should a source fail to deliver. D) control all possible sources of supply in the market.
Powers specifically conferred on an agent to act on behalf of a principal are
A) incidental authority. B) apparent authority. C) implied authority. D) express authority.